DuPont de Nemours, Inc. $DD Stock Position Lessened by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC trimmed its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 60.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,288 shares of the basic materials company’s stock after selling 5,077 shares during the period. Reynders McVeigh Capital Management LLC’s holdings in DuPont de Nemours were worth $446,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Elevation Wealth Partners LLC increased its stake in shares of DuPont de Nemours by 168.5% during the second quarter. Elevation Wealth Partners LLC now owns 239 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 150 shares during the period. Continuum Advisory LLC acquired a new stake in DuPont de Nemours in the second quarter worth approximately $64,000. Contravisory Investment Management Inc. bought a new position in DuPont de Nemours during the 2nd quarter valued at $74,000. Davis Asset Management L.P. bought a new position in DuPont de Nemours during the 2nd quarter valued at $83,000. Finally, First Bancorp Inc ME acquired a new position in shares of DuPont de Nemours during the 2nd quarter valued at $90,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Up 3.0%

DuPont de Nemours stock traded up $3.78 during trading hours on Tuesday, hitting $128.07. The company had a trading volume of 1,674,092 shares, compared to its average volume of 1,420,354. DuPont de Nemours, Inc. has a fifty-two week low of $92.49 and a fifty-two week high of $157.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.43 and a quick ratio of 1.82. The firm has a market capitalization of $17.30 billion, a P/E ratio of 284.66, a price-to-earnings-growth ratio of 1.16 and a beta of 1.06. The firm’s fifty day moving average is $137.20 and its 200-day moving average is $139.64.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.12. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. DuPont de Nemours had a net margin of 0.67% and a return on equity of 6.92%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.12 earnings per share. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. On average, research analysts forecast that DuPont de Nemours, Inc. will post 7.27 earnings per share for the current year.

DuPont de Nemours Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. DuPont de Nemours’s dividend payout ratio (DPR) is 533.33%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DD shares. Citigroup lifted their target price on DuPont de Nemours from $168.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Zacks Research lowered shares of DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. UBS Group lifted their price objective on shares of DuPont de Nemours from $175.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group boosted their target price on shares of DuPont de Nemours from $53.00 to $159.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Finally, Royal Bank Of Canada cut their target price on shares of DuPont de Nemours from $180.00 to $176.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $166.60.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc is a global materials science company headquartered in Wilmington, Delaware. The company develops engineered materials and specialty products used in electronics, transportation, construction, healthcare, water treatment, and industrial applications.

Its offerings include semiconductor and advanced packaging materials, engineering polymers, specialty resins, water purification and separation technologies, and protective materials and solutions. DuPont’s products are sold to manufacturers, industrial customers, and other businesses across North America, Europe, Asia-Pacific, and other international markets.

The company was formed in 2019 following the separation of DowDuPont into independent companies, including DuPont, Dow, and Corteva.